The Nine days mega festival of dance, colors, joy was given a good buy yesterday. Though I didn’t go for garba neither I’m avid for night life but believe me not only me but most of the people are not very happy with the festival coming to an end. Everybody enjoyed masti, dining out and a colorful night life and wished that if this festival could continue for ever and ever.
I remember the last day of Navratri 27th Sep-09 when me along with my family were infront of the TV and chatting together, suddenly I wished to have ice –cream and I though of taking a chance with the nearby Ice Cream parlor. To my surprise it was 1.30 AM the parlor was open and lot of people were enjoying/ refreshing them after a long drill of dance.
I’ve been witnessing the enthu and spirit of people from last 9 years and seen it growing enormously.
Vibrant Gujarat
World largest gathering and longest duration dance festival. You can see People from all the age groups dressed in vibrant color dresses (Orange, pink, green, maroon and black ) and dancing to the Garba (Garba is an Indian form of dance that originated in the Gujarat region)tunes.
Even the guys who don’t know the steps of the Garba are dressed up in the traditional attire and adding to the vibrancy of the festival.
Both men and women usually wear colorful costumes while performing garba and dandiya. The girls and the women wear ghaghra choli, a three-piece dress with choli on the top and ghaghra as bottom, made of cotton with beads, shells, mirrors, sitars, and embroidery work, mati, jhumkas, necklaces, bindi, bajubandh, chudas and kangans, kamarbandh, payal, and mojiris and dupatta tucked in the Gujarati manner.
Boys and men wear kafni pyjamas with a kediyu - a short round kurta - above the knees and pagadi on the head with bandhini dupatta, kada, and mojiris.
Even the guys who don’t know the steps of the Garba are dressed up in the traditional attire and adding to the vibrancy of the festival.
Both men and women usually wear colorful costumes while performing garba and dandiya. The girls and the women wear ghaghra choli, a three-piece dress with choli on the top and ghaghra as bottom, made of cotton with beads, shells, mirrors, sitars, and embroidery work, mati, jhumkas, necklaces, bindi, bajubandh, chudas and kangans, kamarbandh, payal, and mojiris and dupatta tucked in the Gujarati manner.
Boys and men wear kafni pyjamas with a kediyu - a short round kurta - above the knees and pagadi on the head with bandhini dupatta, kada, and mojiris.
To view the video footage click here.
Image Source: http://www.flickr.com/photos/38798411@N00/368861543/
Management or Recovery
The term management is generally used when we talk something about to happen in future and the planning related to it. Take example of Project management, program management or event management. There are some specific individual or group of individuals who take the lead in this sort of management and are called managers.
Simultaneously you might have also heard of “Disaster Management Plan” or “disaster management”. But mind you according to the definition of management or what we call as management is related to future activities that are yet to happen and whom we want to execute in a prudent way. Is the word “disaster management” is an appropriate word because, I believe nobody wants to manage the disaster, so the word “disaster management” has to be rewritten as “disaster recovery” Because whenever there is a disaster we want to recover from it, we do not want to manage it.
Simultaneously you might have also heard of “Disaster Management Plan” or “disaster management”. But mind you according to the definition of management or what we call as management is related to future activities that are yet to happen and whom we want to execute in a prudent way. Is the word “disaster management” is an appropriate word because, I believe nobody wants to manage the disaster, so the word “disaster management” has to be rewritten as “disaster recovery” Because whenever there is a disaster we want to recover from it, we do not want to manage it.
Image source: http://www.itonecall.co.uk/protection.htm
Interest rate Futures
You might have heard the terms speculation, hedging, spot, future etc let me elaborate those terms in my language as per my understanding.
Speculation is about profit making while hedging is protecting one’s profit by minimizing losses and hence is a defensive strategy.
Future market (Price) differs from spot market (Price) because in future market the contracts are traded for future delivery of the particular commodity. The difference between the spot price and the current contract price is called the "basis." The basis equals the cash price minus the futures price.
The future price of any commodity depends on the underlying asset, if the price of underlying asset increases the future price is bound to price.
When one wants to hedge he has two options either “Going Short” or “Going Long”
“Going Short” is opted when it is believed that the prices of the underlying assets are going to come down, so the hedger sells the contract without owing it, later when the price of contract goes down (as per his speculation) he purchases the contract and squares off his/ her position.
“Going Long” is opted when it is believed that the prices of the underlying assets are going to go Up, so the hedger buys the contract, anticipating that the contract prices will go up. When price goes up the Hedger sell the contract, book his profit and square off his/ her position.
Let’s see how it work Say suppose I have to pay 100 thousand USD to my supplier 6 months down the line but I’m not very sure that what will be the dollar price at that point of time. If the dollar / rupee is 47 then my outflow will be 4700 thousand rupees but if it is 50 then my outflow will be 5000 thousand rupees means an additional outflow of 300 thousand Indian rupee, now I want to avoid this loss.
For this I will buy dollar future contract today (say quoting at 48 Rupees) and sell the contract 6 months down the line ( say price of the contract quoting somewhere around 50) through this deal I’ll earn a profit of 200 thousand Indian rupees which will help me in minimizing the losses made if I would have not done it.
Now futures for interest rate are also available I believe it is the right time looking at a greater uncertainty in the global economy and the higher movement in interest rate levels in India also.
The contracts will be settled in March, June, September and December. The maximum maturity will be 12 months. Deliverable securities under the futures should mature between 7.5 and 15 years with minimum outstanding of Rs10,000 crore.
Speculation is about profit making while hedging is protecting one’s profit by minimizing losses and hence is a defensive strategy.
Future market (Price) differs from spot market (Price) because in future market the contracts are traded for future delivery of the particular commodity. The difference between the spot price and the current contract price is called the "basis." The basis equals the cash price minus the futures price.
The future price of any commodity depends on the underlying asset, if the price of underlying asset increases the future price is bound to price.
When one wants to hedge he has two options either “Going Short” or “Going Long”
“Going Short” is opted when it is believed that the prices of the underlying assets are going to come down, so the hedger sells the contract without owing it, later when the price of contract goes down (as per his speculation) he purchases the contract and squares off his/ her position.
“Going Long” is opted when it is believed that the prices of the underlying assets are going to go Up, so the hedger buys the contract, anticipating that the contract prices will go up. When price goes up the Hedger sell the contract, book his profit and square off his/ her position.
Let’s see how it work Say suppose I have to pay 100 thousand USD to my supplier 6 months down the line but I’m not very sure that what will be the dollar price at that point of time. If the dollar / rupee is 47 then my outflow will be 4700 thousand rupees but if it is 50 then my outflow will be 5000 thousand rupees means an additional outflow of 300 thousand Indian rupee, now I want to avoid this loss.
For this I will buy dollar future contract today (say quoting at 48 Rupees) and sell the contract 6 months down the line ( say price of the contract quoting somewhere around 50) through this deal I’ll earn a profit of 200 thousand Indian rupees which will help me in minimizing the losses made if I would have not done it.
Now futures for interest rate are also available I believe it is the right time looking at a greater uncertainty in the global economy and the higher movement in interest rate levels in India also.
The contracts will be settled in March, June, September and December. The maximum maturity will be 12 months. Deliverable securities under the futures should mature between 7.5 and 15 years with minimum outstanding of Rs10,000 crore.
Commercial banks can take trading positions for themselves but not on behalf of their clients. Non-resident Indians, companies, primary dealers and foreigners can also trade in this segment. Foreign investors can trade if they have the underlying security, but not for speculative purposes.
Image source: commoditiesandfuturesguide.com
Looking for solution/ Solution Provider
I’m looking forward for a solution provider/ or an Electrical Engineering company who can help me in create strong electromagnet and switch there polarity at a specific time period. Besides I also want the company/solution provider to help me in installing the solution with an reasonable charges.
The concept is same what is getting used in Japan in locomotive.
When an object “A” (having North Pole facing EM) is approaching EM another electro magnetic object the polarity of EM Should be south So that the both object attract each other, when the object “A” is very near to “EM” the “EM” should be neutral and when the object “A” has bypassed the object “EM” the polarity of “EM” should turn to North
The concept is same what is getting used in Japan in locomotive.
When an object “A” (having North Pole facing EM) is approaching EM another electro magnetic object the polarity of EM Should be south So that the both object attract each other, when the object “A” is very near to “EM” the “EM” should be neutral and when the object “A” has bypassed the object “EM” the polarity of “EM” should turn to North
Enclosed the working model of the function I'm looking for
Finally they realized it. No free lunch!!!
In my previous post “Now, withdraw from any ATM, free!” Dated 15th May-2009 I have written that it is not going to be prudent decision to allow withdrawal from any ATM and how it is going to affect the cost of operation of large bank and what implications the decision may have.
Finally whatever written in the previous post “Now, withdraw from any ATM, free!” appeared true and some restrictions are going to be implemented very shortly on the number of other bank’s ATM transaction and the amount of transaction.
Now the number of free transactions in any other bank’s ATM are to be restricted to be 5 / month and the maximum withdrawal allowed will be 10,000 INR per transaction.
I’ still believe that they need to again rethink there decision of offering free breakfast.
Finally whatever written in the previous post “Now, withdraw from any ATM, free!” appeared true and some restrictions are going to be implemented very shortly on the number of other bank’s ATM transaction and the amount of transaction.
Now the number of free transactions in any other bank’s ATM are to be restricted to be 5 / month and the maximum withdrawal allowed will be 10,000 INR per transaction.
I’ still believe that they need to again rethink there decision of offering free breakfast.
Optimum use of Money
There being an adage that “money saved is money earned”, I do not agree to this fully, because I think to earn more money, you should not stop spending. There is no limit to which you can cut your expenses to save money. Instead of saving more my focus will be to earn more money so that more money gets saved.How to make more money is a debatable question and I’m not interested to write a book on “make money in 21 days” the way we have a book learn “java in 21 days”. Neither have I intended to give 1000 tips to make money but I believe that whatever money one is spending it should be put to an optimum use. Some of the example of putting money to an optimium use are
- Should i ask for Full tank:
Whenever you park your vehicle at petrol station, ask for a full tank fuel, because every time you open the lock of your vehicle to fill in the fuel there is an unavoidable loss of petrol due to evaporation. I will explain it further….
Say your monthly petrol bill is 3000 bucks and you fill in your car by 500 bucks 6 times in a month. So with every purchase the tank remains open for 10-15 second without any reason and supposing even 5 ml of petrol evaporates due to hight temperature, make it 30 ml in a month. Besides there are some losses during the filling itself making it to 100 ml in a month and 1 liter in an year. - What is the best time to fill petrol?
Seems to be surprised? If not then according to you the best time to fill in petrol will be off load time or any weekend day or lunch hours.
Your choice of time is okay as far as convenience is concerned; becuase you are avoiding long queue and other traffic hassles. But if I put optimum utilization of money in place than any time except night time is not the right time to fuel in your car. I will explain it further….
Petrol being liquid and measure in liters and whenever the temperature rises its molecules gets expanded (In fact every thing expand with the rise of temperature) So as the molecules have expanded themselves there will be less petrol in a liter because of thermal expansion of molecules.
On the contrary in the night because of temperature going down molecules will contract themselves and there will be more petrol in a liter but this time because of thermal contraction.
These finding may not save considerable amount of money for everyone but for those guys who have a fleet of vehicles in their family and together they consume 400-500 liters of petrol in a month for them it may prove a saving of 1-2 liters in a month.
Image Source : http://www.topnews.in/
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